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Forex Blogs
The Advisor Blog: Gbp/Usd technical points by Valeria Bednarik
Daily charts remain quite bearish although the 1.4135 zone has prove to be a strong support. Watch for a break of that level to consider more bearish movements in the medium term. At the moment, market remains in boring tiny conditions, with no clear definitions: the pair is quoting around 1.4235, with supports at 1.4208 zone, followed by 1.4170 and the mentioned zone at 1.4135.
FX Market Readings: More corrections in EURO and GBP a buy strategy by players by Dr.S. Sivaraman
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Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Mon, Feb 16, 14:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Feb 16, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 16, 12:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Mon, Feb 16, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Mon, Feb 16, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Feb 16, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
Current Session: Europe − U.S.
G7 Meeting with Little Impact on Forex
Swiss e Trade AG − The dollar has lost upward steam in Asian trading against the yen and continues to trade sideways in European morning trading, testing the resistance zone between 92.00 and current prices at 91.75. We do not see the 92.00 resistance being broken today significantly. Downmoves from there will be limited to support at 91.50.
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Daily Analysis − Sterling falls as CBI says the Economy is set for a severe slump by Finotec Group Inc.
The pound fell after the Confederation of British Industry said the U.K. economy will contract at almost twice the pace previously forecast this year.
Daily Forex News − Pair still trading in a wide bearish channel by ACM − Advanced Currency Markets
Pair still trading in a wide bearish channel but now challanging horizontal support at 1.2706. A break of support will place the focus on 1.2550. Intra day support now stands at 1.2866 (5d MA).
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Feb 17 | 10:00 | ZEW Survey − Economic Sentiment | -25 | -31 |
Friday Notes - The ZEW growth expectations now extend into the second half of the year by UniCredit Group
Contrary to the recent bleak hard data, numerous leading indicators around the globe are pointing slightly north at the beginning of the year. This is nurturing the hope that the economy will at least stabilize after mid−year. The ZEW growth expectations now extend into the second half of the year. Despite the strong increase already in January, the level remains well below the long−term average of over +25. For that reason, we also expect a substantial increase in the growth expectations in February.
[ Full Story ]Top Market Movers Review
Japan GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 15 | 23:50 | Gross Domestic Product Annualized | -12.7% | -11.7% | -1.8% |
| Feb 15 | 23:50 | Gross Domestic Product (QoQ) | -3.3% | -3.1% | -0.5% |
Japanese GDP data released today as absolutely abysmal by ACM − Advanced Currency Markets
Japanese GDP data released today as absolutely abysmal. GDP fell by − 3.3% q/q in Q4. The lowest Japanese reading since 1972 and weakest G10 in the current crisis.
[ Full Story ]- Read the GDP data at ESRI
- UPDATE 3−Japan economy dives most since 1974; outlook rough (Thomson Financial News)
- TOPWRAP 1−Japan GDP slumps, leaders look for alternatives (Thomson Financial News)
- UPDATE 1−Japan economy in biggest dive since 1974 (Thomson Financial News)
Daily FX Market Commentary - GDP in Japan contract sharply by 12.7% q/q in Q4 by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 16 | 00:00 | US | President's Day Bank Holiday | |||
| 00:01 | UK | Rightmove House Price Index (MoM) (Feb) | 1.2% | -1.9% | ||
| 00:01 | UK | Rightmove House Price Index (YoY) (Jan) | -9.1% | -7.3% | ||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Jan) | -21.4% | -18.2% | ||
| 04:30 | JP | Capacity Utilization (Dec) | -11.8 | -9.4 | ||
| 04:30 | JP | Industrial Production (YoY) (Dec) | -20.8% | -16.6% | ||
| 13:30 | CA | Canadian Investment in Foreign Securities (Dec) | $2.613B | |||
| 13:30 | CA | Foreign investment in Canadian securities (Dec) | -$2.500B | -$4.298B | ||
| 13:30 | CA | Manufacturing Shipments (MoM) (Dec) | -6.4% | |||
| 14:45 | EMU | ECB Trichet's Speech | ||||